BuzzFeed, Inc. (NASDAQ:BZFD - Get Free Report) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 695,600 shares, a decrease of 12.9% from the October 15th total of 798,600 shares. Currently, 4.2% of the company's shares are sold short. Based on an average trading volume of 444,000 shares, the short-interest ratio is currently 1.6 days.
Institutional Investors Weigh In On BuzzFeed
Large investors have recently modified their holdings of the company. Seven Post Investment Office LP bought a new position in shares of BuzzFeed during the 2nd quarter worth approximately $1,881,000. Cubist Systematic Strategies LLC acquired a new stake in BuzzFeed in the second quarter valued at approximately $37,000. Baader Bank Aktiengesellschaft bought a new stake in shares of BuzzFeed during the second quarter valued at approximately $475,000. Dimensional Fund Advisors LP acquired a new position in shares of BuzzFeed during the second quarter worth approximately $53,000. Finally, Geode Capital Management LLC lifted its holdings in shares of BuzzFeed by 18.7% in the 3rd quarter. Geode Capital Management LLC now owns 187,598 shares of the company's stock worth $500,000 after purchasing an additional 29,543 shares in the last quarter. 37.64% of the stock is currently owned by institutional investors and hedge funds.
BuzzFeed Stock Down 6.7 %
BuzzFeed stock traded down $0.22 during mid-day trading on Friday, hitting $3.06. 839,225 shares of the stock were exchanged, compared to its average volume of 1,133,581. The stock has a market capitalization of $115.65 million, a price-to-earnings ratio of -2.11 and a beta of 3.35. BuzzFeed has a 12 month low of $0.64 and a 12 month high of $4.56. The firm's fifty day simple moving average is $2.66 and its two-hundred day simple moving average is $2.58.
About BuzzFeed
(
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BuzzFeed, Inc, a digital media company, distributes content across owned and operated, as well as third-party platforms. The company offers BuzzFeed, a go-to authority for entertainment, pop culture, and Internet with articles, lists, quizzes, videos, and original series; BuzzFeed News, a pocket friendly newsroom; Tasty, a platform for food content; HuffPost, media platform for news, politics, opinion, entertainment, features, and lifestyle content.
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